India’s Inflation Impact: The effect of increasing tension in West Asia is now visible on India’s economy as well. Due to rise in oil prices and global uncertainty, pressure on the Indian currency has increased. The situation is such that the rupee has continuously weakened and reached near Rs 93 per dollar, due to which a situation of economic uncertainty is being created. At the same time, inflation in the country has also reached its highest level in almost ten months.

Experts believe that if this crisis continues for a long time, it can directly impact the pockets of common people. Although at present it does not seem to have a major impact on consumers, but if the situation continues for a long time, there may be an increase in fuel, travel and daily expenses.

Possible impact on India

1. Fuel and gas can be expensive

If the price of Brent Crude remains above $100 per barrel in the international market, then the prices of petrol, diesel and gas may increase. Due to this, there is a possibility of increase in the expenses of travel and daily life.

2. Imports will become expensive

India imports a large part of its needs. Due to the weakness of the rupee, prices of food items, industrial components, electronics and other imported goods may increase.

3. Foreign travel and studies are expensive

Due to the weakening of the rupee, services like foreign travel, foreign university fees and international online subscriptions may become more expensive than before.

4. EMI may also be affected

If inflation increases, the Reserve Bank of India may have to be cautious about cutting interest rates. In such a situation, the possibility of reducing the loan EMI may decrease and the pressure of high interest rates may persist for a long time. Obviously the crisis in West Asia is currently showing limited impact in India, but if oil prices remain high and the rupee weakens, then its impact may gradually reach the common people through inflation, fuel and everyday expenses.

Russia’s first Deputy Prime Minister Dennis Manturov said on Wednesday (21 August 2025) that oil and energy resources from Russia continue to flow to India and there are possibilities of exporting LNG to Moscow. While co-chairmanship of the 26th session of the India-Russian Inter-Government Commission (IRIGC-TEC) on trade, economic, scientific and cultural cooperation, Manturov said, “We are continuing exports of fuel including crude oil and oil products, thermal and coal. We see the possibility of exporting Russian LNG (Liquified Natural Gas). “This has come to light at a time when America has imposed a 25 percent tariff on India for buying oil from Russia.

On behalf of the Indian side, the Commission’s co-chairmanship, Foreign Minister S.K. Jaishankar has arrived here on a three -day visit on Tuesday (19 August 2025). The Russian leader said, “We hope to expand widespread cooperation in the peaceful nuclear sector, including cooperation based on the successful experience of the Kudankulam nuclear power plant construction project.”

India-Russia will further carry forward partnership-Manturov
Manturov said, “Especially in the current circumstances an equally important task is to ensure uninterrupted mutual agreement. We have already been successful in transferring more than 90 percent payments between Russia and India to national currencies. After the meeting, Jaishankar said in a social media post, “We held a detailed discussion on our cooperation in broad fields including business and economic sector, agriculture, energy, industry, skill development, mobility, education and culture.” He said, “As we are preparing for the annual summit of leaders, I am confident that the results of today’s Irigc-Tech meeting will lead to the results of the time of time and will further increase the Bharat-Russian partnership on the criteria of time.” Manturov signed the protocol of IRIGC-TEC sessions, the details of which will later be released by the governments of India and Russia.

Also read: Operation Sindoor: Pakistan is spewing poison from London, Ishaq Dar beaten his chest and said- ‘Accounts from India on land too …’